0.0 00 Today, we got a whole slew of economic data out of Japan, and as we expected the economy is showing a spotty recovery. Mainly thanks to April’s consumption tax hike. Let us delve into …
Read More »Daily Market Technical Analysis: S&P 500 Could Pullback Soon
0.0 00 S&P500 (2,000.05) We are noticing a Hanging Man chart formation forming near the round resistance at 2,006.00. This is an indication of a looming pullback. We see near term support at 1,990.50 then another …
Read More »Forex Technical Analysis: Euro Plummets on German Economic Data
0.0 00 EUR/USD (1.31692) The German Unemployment Change was released this afternoon and missed the mark. For the month of August, we saw a print of 2,000. In July the number came in at upwardly revised …
Read More »Economic Analysis: Did China Just Add New Stimulus?
0.0 00 The People’s Bank of China (PBOC) has, supposedly, just launched a new mini-stimulus to help fight the growing headwinds slowing the world’s second largest economy. The new measures are targeted to help support agriculture …
Read More »Daily Market Technical Analysis: Has the Euro Hit Bottom?
0.0 00 EUR/USD (1.32127) Even though the euros steady fall has lost momentum, the fall from 1.3995 is expected to continue. A break below 1.2905 is expected to target 1.2890 and lower. On the flip side, …
Read More »Forex Trading Strategy: Bulls Lose their Grip on the USD/JPY
0.0 00 USD/JPY (103.790) The dollar continues to keep trades wondering if it is going to continue higher against the yen or not. We are continuing to trade in a narrow band below ¥104 and there …
Read More »Economic Analysis: Japanese Data Could Pressure the Bank of Japan
0.0 00 On Friday, we are expecting a number of economic reports from Japan that might place pressure on the Bank of Japan (BOJ) to up its stimulus program. We are expecting this data to show that …
Read More »Daily Market Technical Analysis: The S&P 500 Crosses 2,000
0.0 00 S&P 500 (2,000.02) We have reached and set a new record in this market. The S&P 500 has closed above 2,000. Yet we have some doubts. This move came on the lowest volume on …
Read More »Forex Trading Strategy: False Breakout With the USD/JPY
0.0 00 USD/JPY (103.98) The USD/JPY might have seen a false breakout. Please refer to our daily technical analysis for more on how the dollar’s run has stalled out. A close below ¥104.00 could be cause …
Read More »Daily Forex Analysis: AUD/CHF Gaps Higher
0.0 00 AUD/CHF (0.8530) The AUD/CHF has gapped up higher. We see key technical resistance now at 0.8535 then a little further up at 0.8545. Looks like we bumped into 0.8535 right now, and formed a …
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